Tuesday, September 30, 2008

calls to Congress are 50 percent “No” and 50 percent “Hell, No”.

Trouble in Banktopia: Stop the "Banksters!" : Indybay: "whole mountainous pile of horsecrap-debt is about to be stacked on the back of the maxed-out taxpayer and the ever-shriveling greenback...From Bloomberg: “The plan by Treasury Secretary Henry Paulson to buy troubled assets from financial institutions would put ‘one more straw on the back of the frightfully encumbered camel that is the federal government ledger,’ Fisher said today in the text of a speech in New York. ‘We are deeply submerged in a vast fiscal chasm.’…The seizures and convulsions we have experienced in the debt and equity markets have been the consequences of a sustained orgy of excess and reckless behavior, not a too-tight monetary policy,” Fisher said to the New York University Money Marketeers Club.” (Bloomberg) "

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